_______includes ownership, organisational and operational measures.(Privatisation, Liberalisation, Globalisation)

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Solution

Privatization includes ownership, organizational and operational measures. It refers to the process of transferring or sale of the public ownership to private ownership. It is normally opposed by trade unions, government employees in public sector and communist and socialist parties.

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Briefly explain the following:

(a) Liberalisation

(b) Privatisation

Explain the following terms:

(a) Liberalisation

(b) Privatization

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